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Employment incentives : Issues and solutions

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Frame of Image of 2016, 20 employment incentives are in operation in Korea under four ministries with a budget of 2.8 trillion won. However, instead of creating new jobs, these projects mainly aim to maintain and improve existing jobs, unlike most OECD countries. Moreover, the scope of target groups is too broad and conflicts with the core principle of providing selective support to vulnerable job seekers. Therefore, efforts must be made to enhance policy efficiency by placing stronger emphasis on new job creation and support for the vulnerable.”
Ⅰ. Issues
As of 2016, 20 employment incentives are currently in operation under four ministries with a budget of 2.8 trillion won.
* This paper is written based on Korea Development Institute, “In-depth Performance Evaluation for Full-scale Reform of Job Creation Project,” 2016 (forthcoming) (in Korean).
The Employment Promotion Subsidy, Regional Employment Promotion Subsidy, Subsidy for Senior Employment, Subsidy for the Stable Employment of Seniors, Subsidy for Stable Employment During Childbirth and Child Rearing Periods, Subsidy for Employment Maintenance, Subsidy for New Job Creation, Youth Internship at SMEs, Senior Internship ...
KDI FOCUS
2
<Table 1> Concept of Employment Incentives
Policy Means Interim Goal Induce new hiring Provision of subsidy to user or individual Retain existing jobs Encourage job rotation and sharing Increase employment within the overall economy Final Goal
This paper discusses the effects and limitations of Korea’s e


Full Text
Title Employment incentives
Similar Titles
Sub Title

Issues and solutions

Material Type Articles
Author(English)

PArk, Yoonsoo

Publisher

Sejong, South Korea:Korea Development Institute

Date 2016
Journal Title; Vol./Issue KDI Focus:no. 74
Pages 9
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Social Development < Employment
Holding Korea Development Institute

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